5432-1906-Ordinance-passed-and-assented-to--Widows-and-Orphans-Pension-Fund-Amendment--No-17-of-1906 — Page 6

THE HONGKONG GOVERNMENT GAZETTE, NOV. 2, 1906.

A. TO C.-CALCULATION OF REGISTERED

PENSIONS.

The calculation of the amount of the pension that will or may become payable at the death of a contributor should not be delayed until such death has actually occur- red;

but a register should be kept in which full particulars respecting each contributor should be entered, and in this register should be recorded against every married and widower contributor the amount of the pension which would become payable should he die immediately, leaving a widow or orphans entitled to such pension. The amouut of the pension per ammuta so entered in the register against a contributor, or in other words, his " registerep pension "should be calculated (and re-calenlated as often as may be necessary) in accordance with the following Rules:-

A.-PUBLIC OFFICER WHO COMMENCED TO CONTRIBUTE WHILE BACHELOR. NOTE. No registered pension is to be recorded unless

and until the bachelor contributor marries.

1.-FIRST WIFE'S PROSPECTIVE PENSION. NOTE--The registered pension to be recorded

marriage is found by adding together the two amounts calculated in accordance with the follow- ing Rules I. (4) and I. (4) respectively.

(x) Pension in consideration of the contributions paid during bachelorhood,

OLE

RULE I. (@).—Accumulate the contributious at 6 per ceut. compound interest, with yearly rests at each 31st December, and multiply the result by the quantity found from Table A corresponding to the respective ages next birthday of the husband and wife at the date of marriage.

The product gives the registered pension on account of the contributions paid during bachelorhood,

(B) Pension in consideration of the annual contribution current at the date of marriage.

NOTE.-The amount of the current annual contribution is obtained by multiplying by 12 the amount of the last monthly contribution,

RULE I. (6). Turn to the section of Table B which contains in the heading the age of the husband at the date of completion of his period of contribution ; and multiply the amount of the current annual contribution by the quantity found from that see- tion corresponding to the respective ages next birthday of husband and wife at the date of marri- age.

The product gives the registered pension on account of the aumal contribution current at the date of marriage.

EXAMPLE of the application of Rules L. (4) and I. (b).

Officer born on

31st July, 1858.

Do. commenced to centribute

On

Do. married on

Annual Contribution, Ist April,

1884, to 31st December, 1886

Annual Contribution, 1st Jan-

uary, 1887, to date of marriage

1st April, 1884.

.30th June, 1888.

.$ 20

.$ 30

1st April, 1919.

Date of completion of contribu-

tion period

Wife horn on

Officer's age next birthday at

Do.

dare of marriage

.31st August, 1868.

30.

do. completion of contribution period ......61.

Wife's age next birthday at date

of marriage

1959